Global Economy Throwing Up Red Flags For Oil
Investors are feeling the most pessimistic about the health of the global economy in a decade, according to a survey from Bank of America Merrill Lynch. The gloom is spreading, Continue Reading
What Killed The Oil Price Rally?
Oil prices fell to a one-month low on Wednesday, pushed down by a rather bearish report from the EIA that showed a large increase in crude inventories. Brent briefly dipped Continue Reading
Oil weapon has proved a double-edged sword: Kemp
The oil shocks of 1973/74 and 1979/80 are now mainly remembered for the disruption and hardship they caused in the major oil-consuming countries. But they marked a lasting inflection point Continue Reading
Crude oil futures stable amid mixed cues
Crude oil futures were stable during mid-morning trade in Asia Wednesday, with mixed cues failing to provide clear price direction. A surprise draw in US crude inventory and a pick-up Continue Reading
Oil Prices Rise After API Reports Surprise Crude Oil Draw
The American Petroleum Institute (API) reported a surprise draw of 2.13 million barrels of United States crude oil inventories for the week ending October 12, compared to analyst expectations that Continue Reading
Oil up; Iran, Saudi supply worries offset U.S. supply growth
Oil prices edged up in cautious trade on Tuesday as expectations of higher U.S. shale output and inventories vied with worries that crude supply from the Middle East could be Continue Reading
Oil Prices Under Pressure As U.S. Shale Supply Soars
The big story in oil markets this week has been the escalating tension between the United States and Saudi Arabia, with many analysts suggesting that crude prices could head even Continue Reading
Physical crude market seems more relaxed than paper over Saudi tensions: Russell
The crude oil price appears firmly in the hands of geopolitical concerns, with veiled Saudi threats over the disappearance of a journalist and the ramping up of U.S. sanctions against Continue Reading
Most states see first gas price drop in weeks as demand declines
The average price of a gallon of gasoline in U.S. service stations fell in mid-October by an average of two cents on-week amid declines in demand — the first such Continue Reading
Oil falls on U.S. shale output, expected stocks data
Oil prices fell on Tuesday on evidence of higher U.S. oil production and increasing U.S. crude inventories, but reports of a fall in Iranian oil exports helped limit losses. Brent Continue Reading